Michael Saylor’s Strategy buys $1.57 billion worth of Bitcoin

Strategy (NASDAQ: MSTR) continues its aggressive Bitcoin (BTC) accumulation strategy, this time with a ten-digit purchase.

The firm, led by executive chairman Michael Saylor, acquired 22,337 BTC between March 9, 2026 and March 15, 2026, an acquisition worth roughly $1.57 billion, according to a filing released on Monday, March 16. 

Made at an average price of $70,194 per coin, the purchase has increased Strategy’s total holdings to 761,068 BTC, which translates to no less than $57.61.

Strategy stock was quick to react, being up 4% in pre-market at the time of writing.

Michael Saylor continues to buy Bitcoin

Just one day before the filing was submitted, Michael Saylor had already hinted at the latest Bitcoin purchase. Namely, the exec shared Strategy’s Bitcoin portfolio tracker on X, telling his followers to “Stretch the Orange Dots” on the chart, a reference to the STRC (“Stretch”) preferred stock used to finance the newest acquisition.

Based on the number of coins purchased, the latest transaction was in fact Strategy’s fifth-largest weekly Bitcoin buy to date. Naturally, most of it was funded through approximately $1.1 billion raised from the sale of STRC preferred stock, while the company also generated $396 million from selling common shares.

Moreover, the stock’s gains have also mirrored Bitcoin’s move higher, with the cryptocurrency nearing $74,000 again despite escalating geopolitical tensions between the United States and Iran. The uptick was mostly due to increased whale activity, with some analyses suggesting the path toward $100,000 is becoming clear once again.

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